The Washington-based IMF lowered its U.S. growth forecast for 2014 to 2.7 percent, from 3 percent predicted in April. It left its prediction for this year unchanged at 1.9 percent. The IMF sees the Federal Reserve maintaining its bond purchases until at least the end of this year, and urged the central bank to carefully manage its exit plan to avoid disrupting financial markets.

The Thomson Reuters/University of Michigan June preliminary index of consumer sentiment fell to 82.7 from a final reading of 84.5 the prior month, a report showed Friday. Other reports showed U.S. industrial production was unchanged in May and wholesale prices climbed for the first time in three months, reflecting an increase in fuel and food prices, 1.5 and 0.6 percent respectively.